Annuities are insurance products that are usually used to enhance your retirement’s financial goals and plans. Overall, in terms of financial security, annuities are among the most powerful tools available. Unlike other retirement vehicles, annuities guarantee a lifetime income. As such, they’re a probably way to supplement other retirement income streams like a 401(k), IRA, and Social Security. But, is it possible to use an annuity to pay off your debt? The short answer? Yes. In fact, when it comes to annuities, you can use them to purchase a home or business. What’s more, you can use the cas…